October AMFI Data: Equity Mutual Fund Inflows Drop 19% To Rs 24,690 Crore

In October 2025, the mutual fund industry in India saw its total Assets Under Management (AUM) increase to Rs 79.87 lakh crore from Rs 75.61 lakh crore in September. Despite a slowdown in equity inflows, retail participation remained strong, with mutual fund folios reaching 25.60 crore. The data was released by the Association of Mutual Funds in India (AMFI).

Equity Funds Performance

Equity mutual funds experienced a decline in inflows, dropping to Rs 24,690 crore in October from Rs 30,422 crore in September, marking a 19% decrease. Small-cap funds saw inflows of Rs 3,476 crore compared to Rs 4,363 crore previously. Mid-cap funds also fell sharply to Rs 3,807 crore from Rs 5,085 crore.

Flexi-cap funds stood out with increased inflows of Rs 8,929 crore, up from Rs 7,029 crore. Large-cap funds faced a significant drop to Rs 972 crore. Meanwhile, ELSS and dividend yield funds recorded net outflows of Rs 666 crore and Rs 179 crore respectively.

Debt Funds Rebound

Debt-oriented mutual funds rebounded strongly in October with net inflows of Rs 1.59 lakh crore after an outflow of Rs 1.01 lakh crore in September. Liquid funds led this surge with inflows of Rs 89,375 crore as corporates redeployed short-term surplus funds post-quarter end.

Money market funds attracted Rs 17,916 crore while ultra-short duration and overnight funds saw inflows of Rs 15,067 crore and Rs 24,051 crore respectively. Most other categories like corporate bond and low-duration funds also had positive flows.

Gold ETFs Maintain Interest

Gold ETFs continued to attract investors with net inflows of Rs 7,743 crore in October, slightly down from September's Rs 8,363 crore but marking the seventh consecutive month of positive flows. This trend reflects ongoing interest amid global uncertainty and geopolitical tensions.

The steady demand for gold-backed instruments highlights investors' shift towards portfolio diversification and inflation hedging due to rising gold prices since April when the category saw minor outflows.

New Schemes Launched

October witnessed the launch of eighteen new open-ended schemes across various categories raising a total of Rs 6,062 crores. This indicates continued investor interest despite market volatility and high valuations.

The overall positive equity inflows suggest sustained retail participation even as investors become more selective amid fluctuating market conditions.

The mutual fund industry's growth reflects a robust investment environment despite challenges like market volatility and economic uncertainties globally.